Page 13 - It Industry

Rapid vaccination in US, Europe may spur onsite demand for Indian IT firms

To be able to manage any uptick in such demand Indian IT services players are hiring more locals, and relying on hybrid work models

IT companies look set for strongest quarter in years, say analysts

Growth for the quarter will be driven by acceleration in digital technologies, improved demand in the aftermath of Covid, ramp-up in deal wins, and migration to Cloud

Accenture's investment in Cloud-based technology pays off, say analysts

Accenture has, over the last year, doubled down on its digital services by aggressively investing in cloud-based technology, which has paid off for the company

Centre announces Rs 15,000 crore PLI for pharma, IT hardware sectors

Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world

Over 90% of tech employees continue to work from home: Azim Premji

IT czar Azim Premji on Sunday said more than 90 per cent of the workforce in the technology industry of the country continue to work from home, and lauded the hybrid model of work.

Work from home; collaborate in office: Indian IT industry marks change

Zoom calls may work for a few but can they replace a town-hall meeting: Executives are debating

Services PMI expands for 4th straight month as vaccine drive fuels optimism

Though growth began accelerating in December, headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth

Indian IT spend to rise 6.8%, reach $88.8 bn in Calendar 2021: Gartner

Spending fell 2.7% in 2020 with focus only on 'mission-critical' tech & services during early stages of pandemic; worldwide spending pegged at $3.9 trillion in 2021, up 6.2%

India's tech industry hails Joe Biden's stand on immigration, H-1B rules

Trump admin had placed several curbs and made unfavourable changes to the H-1B visa rules. Biden has either withdrawn or frozen some of these provisions

Biden's immigration bill proposes to scrap country cap, to help IT in India

Joe Biden, hours after being sworn in as the 46th President, will send a comprehensive immigration bill to Congress

Service sector growth at three-month low in Dec due to Covid: PMI survey

PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

TCS founder, Indian IT industry pioneer FC Kohli passes away at 96

"Kohli was the true pioneer of Indian IT. We have all followed in his footsteps. His contribution to the IT industry and thus to India is immeasurable," Wipro Chairman Azim Premji said in a statement

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Indian IT services firms in wait-and-watch mode after Joe Biden's victory

Technology industry leaders are awaiting policy changes under the new regime once Biden assumes charge as President in January

Relaxation of WFH norms will create jobs in small towns, says industry

Unlike the IT-services industries, the transition into WFH was not smooth for the ITeS sector.

Rules to facilitiate work from anywhere for IT-BPM sector long term: Execs

The relaxation in rules to facilitate 'Work From Anywhere' for the Indian IT-BPM sector is "long term, progressive thinking" by the government, according to industry executives.

No manufacturing units in new industrial areas to curb pollution: Delhi CM

Kejriwal announced on Monday no manufacturing units will be allowed in new industrial areas of the city and these zones would be available only to services and hi-tech industries

Techfynder to add 150,000 professional contractors in India by 2021

Techfynder, one-stop solution for hiring IT contractors globally, on Monday said it is planning to register 1,50,000 professional contractors in India by next year. "We're seeing a huge increase in demand for contract and remote workers on our platform, one that will have a significant long-term impact on the labour market. Globally, we're seeing four times rise in the number of jobs that offer contract and remote work since March," the company told PTI. It added that next year, the company plans to have four lakh professional contractors registered globally and 1,50,000 in India. Techfynder has added 44,000 contractors from India over the past year, and the platform now has 45,000 contractors registered from the country, depicting a 45-fold increase in its Indian user base compared to last year's 1,000 contractors. Over 1,22,000 contractors have joined the platform globally during the third quarter of 2020, a 32 per cent quarter-on-quarter growth in terms of users. Techfynder now

IT adopts the no-shore model, where employees' location doesn't matter

Industry experts say one of the biggest changes the pandemic has brought is the way the industry operates